Institution

Principal Financial Group Inc

13F for the quarter to June 30, 2026, filed August 4, 2026 · SEC CIK 1126328

Reported value: $203.6bn
Positions we cover: 1,953
Copy, a year: +13.1%
Copy Sharpe ratio: 0.70

How copying its 13F would have done

CopyS&P 500 $10,000 copying Principal Financial Group Inc's filed holdings in companies we cover from August 16, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −35.5% (S&P 500 −31.8%); beta 1.02; alpha −1.0% a year (t = −0.89); last 12 months +8.9% against +12.1%.

Reported value by quarter

Principal Financial Group Inc: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2013-06-30	$45.1B
2013-09-30	$48.4B
2013-12-31	$53.6B
2014-03-31	$56.1B
2014-06-30	$59.5B
2014-09-30	$58.9B
2014-12-31	$64.4B
2015-03-31	$67.1B
2015-06-30	$67B
2015-09-30	$63.6B
2015-12-31	$67.3B
2016-03-31	$68.9B
2016-06-30	$71.6B
2016-09-30	$75.9B
2016-12-31	$78.7B
2017-03-31	$83B
2017-06-30	$99.6B
2017-09-30	$103.1B
2017-12-31	$108.6B
2018-03-31	$104.6B
2018-06-30	$108.8B
2018-09-30	$113.4B
2018-12-31	$93.8B
2019-03-31	$107.4B
2019-06-30	$111.2B
2019-09-30	$113.4B
2019-12-31	$120B
2020-03-31	$90.3B
2020-06-30	$113.5B
2020-09-30	$118.8B
2020-12-31	$135B
2021-03-31	$142.1B
2021-06-30	$154.8B
2021-09-30	$153.3B
2021-12-31	$167.5B
2022-03-31	$158.6B
2022-06-30	$135.2B
2022-09-30	$125.8B
2022-12-31	$132.8T
2023-03-31	$139.9B
2023-06-30	$146.3B
2023-09-30	$139.2B
2023-12-31	$156.8B
2024-03-31	$170.1B
2024-06-30	$168.4B
2024-09-30	$1.7B
2024-12-31	$183.4B
2025-03-31	$178.2B
2025-06-30	$189.2B
2025-09-30	$198.3B
2025-12-31	$195.9B
2026-03-31	$187.2B
2026-06-30	$203.6B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
NVDANVIDIA Corporation	3.77%	$7.7bn	38.41M	−3.0% Reduced
AAPLApple Inc.	3.05%	$6.2bn	21.45M	+0.5% Added
MSFTMicrosoft Corporation	2.52%	$5.1bn	13.74M	−8.5% Reduced
AMZNAmazon	2.00%	$4.1bn	17.09M	−10.8% Reduced
GOOGLAlphabet Inc. (Class A)	1.82%	$3.7bn	10.36M	−6.7% Reduced
AVGOBroadcom	1.62%	$3.3bn	8.72M	0.0%
METAMeta Platforms	1.13%	$2.3bn	4.07M	−2.0% Reduced
TDGTransDigm Group	1.12%	$2.3bn	1.71M	−15.1% Reduced
WELLWelltower	1.09%	$2.2bn	9.81M	+2.2% Added
EQIXEquinix	0.97%	$2.0bn	1.90M	−4.0% Reduced
MUMicron Technology	0.95%	$1.9bn	1.67M	+6.5% Added
HLTHilton Worldwide	0.95%	$1.9bn	5.84M	−11.6% Reduced
LYVLive Nation Entertainment	0.90%	$1.8bn	9.97M	−10.2% Reduced
KKRKKR & Co.	0.89%	$1.8bn	19.68M	+0.9% Added
VMCVulcan Materials Company	0.79%	$1.6bn	5.47M	−17.7% Reduced
VVisa Inc.	0.79%	$1.6bn	4.69M	−3.2% Reduced
TSLATesla, Inc.	0.78%	$1.6bn	3.78M	−0.6% Reduced
JPMJPMorgan Chase	0.78%	$1.6bn	4.82M	−2.8% Reduced
LLYLilly (Eli)	0.74%	$1.5bn	1.26M	+2.4% Added
PLDPrologis	0.68%	$1.4bn	10.19M	−3.0% Reduced
CBRECBRE Group	0.68%	$1.4bn	10.24M	+3.8% Added
ORLYO'Reilly Automotive	0.64%	$1.3bn	14.21M	−21.4% Reduced
VTRVentas	0.61%	$1.2bn	13.97M	−8.9% Reduced
MLMMartin Marietta Materials	0.60%	$1.2bn	2.12M	+1.1% Added
MAMastercard	0.59%	$1.2bn	2.36M	−3.3% Reduced
AMDAdvanced Micro Devices	0.58%	$1.2bn	2.04M	+9.7% Added
ENTGEntegris Inc	0.53%	$1.1bn	5.96M	+1.2% Added
COSTCostco	0.50%	$1.0bn	1.09M	−4.2% Reduced
BROBrown & Brown	0.49%	$1.0bn	15.72M	+0.7% Added
TSMTaiwan Semiconductor Manufacturing Co LTD	0.46%	$941.3m	1.97M	+0.2%
AMTAmerican Tower	0.46%	$939.3m	5.74M	−2.9% Reduced
VEEVVeeva Systems Inc	0.43%	$883.7m	4.98M	+20.2% Added
EXRExtra Space Storage	0.43%	$880.1m	6.06M	−5.8% Reduced
YUMCYum China Holdings, Inc.	0.42%	$861.2m	21.13M	−6.5% Reduced
JNJJohnson & Johnson	0.42%	$859.4m	3.38M	+0.4%
HHyatt Hotels Corp	0.42%	$858.8m	4.43M	−6.2% Reduced
SUSuncor Energy Inc	0.42%	$856.4m	15.92M	−9.9% Reduced
LRCXLam Research	0.41%	$834.1m	1.92M	+4.6% Added
BACBank of America	0.40%	$818.4m	14.36M	−0.3%
AJGArthur J. Gallagher & Co.	0.39%	$802.3m	3.49M	+7.8% Added
NFLXNetflix	0.39%	$787.3m	11.03M	−3.0% Reduced
GEGE Aerospace	0.38%	$765.3m	2.05M	+4.9% Added
FWONKLiberty Media Corp	0.37%	$760.8m	8.00M	−10.5% Reduced
LPLALPL Financial Holdings Inc.	0.37%	$756.3m	2.68M	+1.8% Added
INTCIntel	0.36%	$740.2m	5.30M	+1.3% Added
SPOTSpotify Technology S.a.	0.36%	$736.1m	1.60M	+62.0% Added
AMATApplied Materials	0.36%	$729.2m	1.01M	+3.0% Added
KOThe Coca-Cola Company	0.35%	$710.1m	8.74M	+12.7% Added
CATCaterpillar Inc.	0.35%	$705.7m	662.7K	−0.5% Reduced
AMHAmerican Homes 4 Rent	0.34%	$693.6m	20.69M	+9.3% Added
ABBVAbbVie	0.33%	$675.5m	2.68M	−5.2% Reduced
PGProcter & Gamble	0.33%	$672.9m	4.59M	−3.3% Reduced
DLRDigital Realty	0.33%	$672.8m	3.75M	+1.1% Added
WMTWalmart	0.33%	$670.3m	5.92M	−0.2%
MCOMoody's Corporation	0.33%	$661.9m	1.46M	+35.1% Added
REGRegency Centers	0.31%	$634.2m	7.95M	−20.5% Reduced
MSCIMSCI	0.31%	$631.3m	1.13M	−16.3% Reduced
MRKMerck & Co.	0.30%	$610.6m	4.75M	+0.9% Added
ESSEssex Property Trust	0.30%	$610.3m	2.09M	+25.5% Added
BAMBrookfield Asset Management Ltd.	0.30%	$607.8m	13.55M	+6.4% Added
MKLMarkel Group Inc.	0.29%	$601.2m	307.8K	−23.4% Reduced
MSMorgan Stanley	0.29%	$593.0m	2.84M	−6.1% Reduced
TYLTyler Technologies Inc	0.29%	$592.8m	2.03M	+16.1% Added
SUNBSunbelt Rentals Holdings, Inc.	0.29%	$591.4m	7.93M	+20.0% Added
UNHUnitedHealth Group	0.29%	$583.9m	1.40M	+3.3% Added
CSCOCisco	0.28%	$566.2m	4.82M	−1.5% Reduced
KLACKLA Corporation	0.28%	$564.5m	1.87M	+852.3% Added
IRMIron Mountain	0.27%	$552.4m	4.37M	−4.2% Reduced
APHAmphenol	0.27%	$538.8m	3.06M	+5.5% Added
CVXChevron Corporation	0.26%	$518.5m	3.13M	−1.8% Reduced
ICLRIcon PLC	0.25%	$512.6m	2.95M	−10.9% Reduced
DHRDanaher Corporation	0.25%	$507.5m	2.66M	−7.5% Reduced
CDNSCadence Design Systems Inc	0.25%	$500.9m	1.33M	−29.4% Reduced
PRMPerimeter Solutions, Inc.	0.24%	$499.4m	14.01M	+11.9% Added
FICOFair Isaac	0.24%	$496.8m	415.8K	−1.7% Reduced
ELSEquity Lifestyle Properties Inc	0.24%	$486.5m	7.55M	+17.3% Added
SBRASabra Health Care Reit, Inc.	0.24%	$482.0m	24.71M	−1.4% Reduced
GEVGE Vernova	0.23%	$476.5m	405.6K	+4.1% Added
HDThe Home Depot	0.23%	$474.8m	1.35M	+0.5%
EGPEastgroup Properties Inc	0.23%	$467.9m	2.31M	−0.8% Reduced
AHRAmerican Healthcare Reit, Inc.	0.23%	$465.1m	8.92M	+20.1% Added
CBChubb Limited	0.23%	$463.2m	1.36M	+3.5% Added
SPGSimon Property Group	0.23%	$461.0m	2.06M	−20.6% Reduced
ARESAres Management	0.22%	$449.7m	4.04M	+0.8% Added
CCitigroup	0.22%	$447.3m	3.20M	+34.0% Added
LINLinde plc	0.22%	$444.4m	856.4K	−6.1% Reduced
VALEVale S.a.	0.21%	$437.8m	29.11M	+453.3% Added
WDCWestern Digital	0.21%	$437.7m	685.2K	+1.4% Added
SNDKSandisk	0.21%	$431.8m	189.9K	+14.2% Added
TOSTToast, Inc.	0.21%	$421.9m	15.16M	+90.1% Added
WATWaters Corporation	0.20%	$417.8m	1.11M	+9.3% Added
PANWPalo Alto Networks	0.20%	$412.8m	1.21M	−5.0% Reduced
PHParker Hannifin	0.20%	$412.6m	421.9K	−11.4% Reduced
NICENice Ltd.	0.20%	$402.8m	4.43M	−3.2% Reduced
TTTrane Technologies	0.20%	$402.8m	820.1K	−13.0% Reduced
AMEAmetek	0.20%	$401.7m	1.66M	−6.6% Reduced
FNDFloor & Decor Holdings, Inc.	0.20%	$400.7m	6.75M	−1.3% Reduced
NVRNVR, Inc.	0.20%	$398.8m	58.5K	+0.5%
IDXXIdexx Laboratories	0.19%	$391.3m	743.2K	−15.7% Reduced
ROPRoper Technologies	0.19%	$388.6m	1.15M	−0.6% Reduced
CUZCousins Properties Inc	0.19%	$382.2m	12.75M	+0.5% Added
NEENextEra Energy	0.19%	$379.6m	4.32M	−6.2% Reduced
CMICummins	0.18%	$376.8m	528.2K	−17.1% Reduced
REXRRexford Industrial Realty, Inc.	0.18%	$368.7m	11.00M	−4.1% Reduced
DOCHealthpeak Properties	0.18%	$358.7m	16.76M	−10.7% Reduced
MPCMarathon Petroleum	0.17%	$356.5m	1.39M	−8.2% Reduced
ADCAgree Realty Corp	0.17%	$353.1m	4.66M	+3.0% Added
PNCPNC Financial Services	0.17%	$348.4m	1.42M	−4.7% Reduced
FASTFastenal	0.17%	$348.0m	7.25M	−17.2% Reduced
DEDeere & Company	0.17%	$346.0m	545.4K	−21.2% Reduced
GSGoldman Sachs	0.17%	$345.2m	341.3K	−1.5% Reduced
PLTRPalantir Technologies Inc.	0.17%	$340.0m	2.91M	+2.0% Added
DHID. R. Horton	0.16%	$329.0m	2.02M	−6.3% Reduced
TJXTJX Companies	0.16%	$329.0m	2.17M	+0.9% Added
TXNTexas Instruments	0.16%	$327.7m	1.10M	−0.2%
UBERUber	0.16%	$325.5m	4.51M	+30.4% Added
PMPhilip Morris International	0.16%	$316.7m	1.75M	0.0%
ROSTRoss Stores	0.15%	$316.1m	1.49M	−9.0% Reduced
MRVLMarvell Technology	0.15%	$311.4m	1.05M	+10400.5% Added
LENLennar	0.15%	$309.5m	3.42M	−2.1% Reduced
DKSDick's Sporting Goods, Inc.	0.15%	$308.0m	1.36M	+113.9% Added
RTXRTX Corporation	0.15%	$306.4m	1.62M	−7.4% Reduced
ORCLOracle Corporation	0.15%	$305.3m	2.08M	−3.5% Reduced
AXPAmerican Express	0.15%	$304.7m	900.9K	+12.3% Added
IBMIBM	0.15%	$300.8m	1.07M	+0.4%
ABTAbbott Laboratories	0.15%	$299.9m	3.31M	−5.5% Reduced
GLPIGaming & Leisure Properties, Inc.	0.15%	$297.5m	6.68M	−14.0% Reduced
BLKBlackRock	0.14%	$295.7m	307.5K	−13.0% Reduced
PCARPaccar	0.14%	$295.1m	2.46M	−15.1% Reduced
WFCWells Fargo	0.14%	$282.7m	3.42M	−1.2% Reduced
TRNOTerreno Realty Corp	0.14%	$281.7m	4.35M	+3.8% Added
VRSKVerisk Analytics, Inc.	0.14%	$280.9m	1.56M	−0.2%
ACGLArch Capital Group	0.14%	$278.4m	2.87M	−12.4% Reduced
TMOThermo Fisher Scientific	0.14%	$277.7m	553.9K	−11.3% Reduced
WSMWilliams-Sonoma, Inc.	0.13%	$266.5m	1.14M	+15.7% Added
IVTInventrust Properties Corp.	0.13%	$262.4m	7.41M	−4.1% Reduced
QGENQiagen N.V.	0.13%	$260.0m	6.65M	+120281.7% Added
APPFAppfolio Inc	0.13%	$257.4m	1.61M	+6.6% Added
SCHWCharles Schwab Corporation	0.12%	$253.0m	2.74M	−3.8% Reduced
TMUST-Mobile US	0.12%	$252.4m	1.50M	−23.7% Reduced
SBUXStarbucks	0.12%	$249.9m	2.45M	+1.3% Added
MPWRMonolithic Power Systems, Inc.	0.12%	$249.2m	180.2K	+3.5% Added
BABoeing	0.12%	$248.7m	1.15M	−3.0% Reduced
RSReliance, Inc.	0.12%	$245.7m	657.7K	−8.7% Reduced
MSIMotorola Solutions	0.12%	$243.8m	587.1K	+34.3% Added
CCICrown Castle	0.12%	$243.7m	3.22M	−13.4% Reduced
STXSeagate Technology	0.12%	$240.8m	249.5K	+2.4% Added
ETNEaton Corporation	0.12%	$239.6m	562.3K	−5.1% Reduced
CTVACorteva, Inc.	0.12%	$239.1m	2.82M	−15.5% Reduced
MTDMettler Toledo	0.12%	$236.6m	185.2K	−16.0% Reduced

Company	Bought (value)	Shares
KLACKLA Corporation	$505.2m	1.67M
VALEVale S.a.	$358.7m	23.85M
MRVLMarvell Technology	$308.5m	1.04M
SPOTSpotify Technology S.a.	$281.7m	613.6K
QGENQiagen N.V.	$259.7m	6.64M
ASNDAscendis Pharma A/s	$233.0m	873.5K
TOSTToast, Inc.	$199.9m	7.19M
SBACSBA Communications	$178.6m	1.01M
BXDCBlackstone Digital Infrastructure Trust Inc.	$176.5m	8.16M
MCOMoody's Corporation	$171.9m	379.5K
DKSDick's Sporting Goods, Inc.	$164.0m	723.1K
DASHDoorDash	$150.1m	813.3K
BKNGBooking Holdings	$149.7m	840.0K
VEEVVeeva Systems Inc	$148.7m	837.7K
MACMacerich Co	$145.3m	5.77M

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
CPRTCopart	−$860.9m	−30.54M
AMZNAmazon	−$491.8m	−2.06M
MSFTMicrosoft Corporation	−$476.0m	−1.28M
HDBHdfc Bank LTD	−$424.8m	−16.45M
TDGTransDigm Group	−$405.8m	−304.7K
CSGPCoStar Group	−$393.8m	−13.91M
ORLYO'Reilly Automotive	−$355.3m	−3.86M
INVHInvitation Homes	−$350.2m	−11.59M
VMCVulcan Materials Company	−$346.8m	−1.18M
GOOGLAlphabet Inc. (Class A)	−$267.6m	−748.8K
HLTHilton Worldwide	−$253.4m	−766.7K
NVDANVIDIA Corporation	−$238.5m	−1.19M
CCCCCC Intelligent Solutions Holdings Inc.	−$227.1m	−37.85M
CDNSCadence Design Systems Inc	−$208.1m	−554.4K
LYVLive Nation Entertainment	−$206.6m	−1.13M

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
CCCCCC Intelligent Solutions Holdings Inc.	$227.1m	37.85M
BPOPPopular, Inc.	$52.7m	392.5K
ATATAtour Lifestyle Holdings Ltd	$36.0m	978.0K
NMRKNewmark Group, Inc.	$33.6m	2.24M
VITLVital Farms, Inc.	$30.4m	2.15M
WIXWix.com Ltd.	$25.9m	288.0K
BRBRBellring Brands, Inc.	$20.3m	1.26M
ATSATS Corp	$17.4m	620.8K
VIPSVipshop Holdings Ltd	$16.4m	1.04M
LADRLadder Capital Corp	$12.9m	1.32M
HTHTH World Group Ltd	$10.0m	199.6K
CRCLCircle Internet Group, Inc.	$7.8m	81.8K
ARIApollo Commercial Real Estate Finance, Inc.	$6.8m	640.3K
GFSGlobalfoundries Inc.	$6.0m	134.6K
LMRILumexa Imaging Holdings, Inc.	$5.7m	664.1K
RKLBRocket Lab Corp	$5.6m	87.4K
BCYCBicycle Therapeutics PLC	$5.5m	1.17M
ASTSAST Spacemobile, Inc.	$4.3m	52.2K
PRAAPRA Group Inc	$3.3m	189.6K
IIINInsteel Industries Inc	$3.2m	94.7K
ALABAstera Labs, Inc.	$3.1m	28.3K
OXMOxford Industries Inc	$2.6m	68.0K
ETDEthan Allen Interiors Inc	$2.5m	112.5K
MNROMonro, Inc.	$2.3m	145.8K
CTKBCytek Biosciences, Inc.	$2.3m	534.8K
SNOWSnowflake Inc.	$2.2m	14.8K
GDYNGrid Dynamics Holdings, Inc.	$1.8m	323.8K
FWRDForward AIR Corp	$1.8m	108.1K
TWITitan International Inc	$1.6m	233.2K
RBLXRoblox Corp	$1.6m	27.8K

Technology26.2%
Financials13.4%
Real Estate12.2%
Industrials10.5%
Consumer Discretionary10.5%
Health Care8.6%
Communication Services6.8%
Materials4.2%
Consumer Staples3.2%
Energy2.6%
Utilities1.7%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestAugust 16, 2013 to November 2, 2026	+13.1%	+14.1%	0.70	0.78	−35.5%	1.02
2018 onwardsJanuary 5, 2018 to November 2, 2026	+11.9%	+13.9%	0.54	0.66	−35.5%	1.02
Last three yearsNovember 3, 2023 to November 2, 2026	+17.3%	+21.8%	0.95	1.16	−14.8%	0.87
Last yearNovember 7, 2025 to November 2, 2026	+9.6%	+14.2%	0.55	0.84	−9.3%	0.77

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.